DSCR Loans
Investment property financing based on the property's cash flow rather than your personal income.
What are DSCR Loans?
A Debt Service Coverage Ratio (DSCR) loan is a type of non-QM (non-qualified mortgage) loan specifically designed for real estate investors. Instead of looking at your personal income, tax returns, or employment history, lenders qualify you based on the cash flow of the investment property itself.
If the rent generated by the property covers the mortgage payment (including taxes and insurance), the property essentially pays for itself, making it much easier for investors to expand their portfolios without traditional income verification.
Best For Which Buyers?
- Real Estate Investors: Those looking to scale their portfolios quickly.
- Self-Employed Individuals: Investors who have complex tax returns or write off significant expenses.
- Multiple Property Owners: Those who have reached the limit on conventional financed properties.
Key Benefits
- ▸No personal income or employment verification
- ▸No limit on the number of properties you can finance
- ▸Close in an LLC or corporate entity
- ▸Faster closing process than traditional investment loans
Why Work With Lake State Mortgage?
At Lake State Mortgage, we provide personalized guidance, a wide variety of loan solutions, and local, responsive service to match your individual financial goals.
Michigan Experts
Deep understanding of Grand Rapids and Michigan real estate, local guidelines, and state programs.
Wholesale Rates
Shopping dozens of wholesale lenders to find the best rate for your situation.
Competitive Rates
Access to a wide variety of loan programs to find the best rate for your situation.
5-Star Service
A commitment to clear communication and a stress-free closing process.
Fast Approvals
Streamlined processing to get your loan closed quickly and efficiently.
DSCR Loans FAQs
What Our Clients Say
"Kevin Wildman of Lake State Mortgage and his assistant, Christina, are like a godsend!!!"
Kevin Wildman of Lake State Mortgage and his assistant, Christina, are like a godsend!!! From the very first day I spoke to Kevin and all the way through the process, he was very kind, humble, patient, professional, attentive... Shall I go on? They were with us every step of the way!
Robert Shipley
Zeeland, MI
"Very Customer Focused"
Kevin and his team were prompt, friendly, and very available, even off hours. His team members were extremely helpful, and helped us complete all documentation easily and quickly. They also answered questions outside their area to help us with closing.
Aaron R.
Spring Lake, MI
"Amazing Service"
Lake State Mortgage provided excellent service. Every member of the staff was courteous, thorough, and quick to assist us with every question or issue. They even helped us find an agent to provide a great home insurance premium. We closed with a VA loan in four weeks!
April Norcross
Grand Rapids, MI
"Investment Home - Refi (AWESOME LENDER!)"
We found Kevin and learned about our various options with refinancing the home in order to re-invest in another property. Kevin was incredibly helpful, resourceful and guided us through every step of the process. We are definitely using him for all our mortgage needs in the future!
Jo Gamrot
Muskegon, MI
"Purchase on a new home - Record time closing!"
Kevin and his team are amazing! They were efficient, and were able to close my mortgage for me in record time. I was with a different lender at first that gave misleading information and expectations that were never met. So I switched my mortgage to Kevin's office and it was smooth sailing!
L. Decker
Indian River, MI
"Seamless MSHDA Down Payment Assistance"
Lake State Mortgage helped us secure $10,000 in MSHDA down payment assistance as first-time buyers in Grand Rapids! Kevin Wildman and his team walked us through every requirement without making it feel overwhelming.
Michael & Sarah K.
Grand Rapids, MI
Ready to Explore DSCR Loans?
Apply online in minutes or call our 24/7 AI pre-qual hotline.